The link between quality of government and regional resilience in Europe

Vicente Rios and Lisa Gianmoena

Journal of Policy Modeling, 2020, vol. 42, issue 5, 1064-1084

Abstract: This study analyzes the robustness of the link between quality of government and resilience in a sample of 264 NUTS-2 regions of 28 European countries during the Great Recession. Bayesian Model Averaging techniques are used to analyze the relevance of the quality of government together with a large set of macroeconomic, institutional, innovation, socio-demographic and labor market and sectoral specialization factors that may affect observed resilience patterns in Europe. The robustness of individual covariates is measured through posterior inclusion probabilities. The empirical analysis provides conclusive evidence on the role played by the regional quality of government as it appears to be one of the most robust drivers of resilience. In a second step, posterior jointness is investigated finding that factors related to the knowledge and innovation environment reinforce the relevance of quality of government while others such as trade openness act as substitutes.

Keywords: Resilience; Quality of government; Determinants; Bayesian Model Averaging; Posterior jointness (search for similar items in EconPapers)
JEL-codes: H11 R12 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0161893820300235
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:42:y:2020:i:5:p:1064-1084

DOI: 10.1016/j.jpolmod.2020.02.005

Access Statistics for this article

Journal of Policy Modeling is currently edited by A. M. Costa

More articles in Journal of Policy Modeling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().